3 ms·
The $500,000 floor seems to be a benefit for people who have $500,000 houses to sell. Doesn't do much for Joe Sixpack while he's deciding whether to stick or wa
by sixtofour 15y ago
The $500,000 floor seems to be a benefit for people who have $500,000 houses to sell. Doesn't do much for Joe Sixpack while he's deciding whether to stick or walk away.
- lallysingh 15y ago"'Applicants can spend the entire amount on one house or spend as little as $250,000 on a residence and invest the rest in other residential real estate, which can be rented out,' the paper added." $250k's not terrible.
- jhamburger 15y agoIn theory if high-end prices go up, it should have a cascading effect with lower-end prices going up to fill the vacuum.